Lucky Strike Entertainment (NYSE:LUCK) Upgraded at Zacks Research

Zacks Research upgraded shares of Lucky Strike Entertainment (NYSE:LUCK) from a strong sell rating to a hold rating in a report issued on Wednesday morning,Zacks.com reports.

A number of other research firms have also recently weighed in on LUCK. Canaccord Genuity Group reaffirmed a “buy” rating and set a $16.00 price target on shares of Lucky Strike Entertainment in a report on Friday, August 29th. Roth Capital reissued a “neutral” rating and issued a $11.00 target price on shares of Lucky Strike Entertainment in a research note on Friday, August 29th. Finally, Stifel Nicolaus lifted their target price on Lucky Strike Entertainment from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $12.20.

Lucky Strike Entertainment Price Performance

LUCK stock opened at $9.82 on Wednesday. The business has a fifty day moving average price of $10.13 and a 200 day moving average price of $9.59. Lucky Strike Entertainment has a fifty-two week low of $7.66 and a fifty-two week high of $13.25. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of -75.53 and a beta of 0.76.

Lucky Strike Entertainment (NYSE:LUCK) last released its quarterly earnings results on Thursday, August 28th. The company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.42). Lucky Strike Entertainment had a negative net margin of 0.83% and a negative return on equity of 23.31%. The business had revenue of $301.18 million for the quarter, compared to analyst estimates of $295.07 million. Lucky Strike Entertainment has set its FY 2025 guidance at EPS. On average, equities analysts expect that Lucky Strike Entertainment will post 0.43 earnings per share for the current fiscal year.

Lucky Strike Entertainment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were paid a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Friday, August 29th. Lucky Strike Entertainment’s payout ratio is -169.23%.

Insiders Place Their Bets

In related news, President Lev Ekster purchased 2,505 shares of the stock in a transaction dated Friday, September 5th. The stock was bought at an average cost of $9.99 per share, for a total transaction of $25,024.95. Following the completion of the acquisition, the president owned 71,800 shares of the company’s stock, valued at approximately $717,282. This represents a 3.61% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 79.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Lucky Strike Entertainment

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC bought a new position in shares of Lucky Strike Entertainment during the 2nd quarter worth approximately $30,000. Spire Wealth Management bought a new stake in shares of Lucky Strike Entertainment in the 2nd quarter worth approximately $42,000. PNC Financial Services Group Inc. bought a new stake in shares of Lucky Strike Entertainment in the 2nd quarter worth approximately $50,000. Bank of America Corp DE bought a new stake in shares of Lucky Strike Entertainment in the 2nd quarter worth approximately $94,000. Finally, Invesco Ltd. bought a new stake in shares of Lucky Strike Entertainment in the 2nd quarter worth approximately $114,000. Institutional investors own 68.11% of the company’s stock.

Lucky Strike Entertainment Company Profile

Lucky Strike Entertainment Corp. engages in operating bowling centers. It offers entertainment concepts with lounge seating, arcades, food and beverage offerings, and hosting and overseeing professional and non-professional bowling tournaments and related broadcasting. The company was founded by Thomas F.